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  • Democrats have taken control of the House, while the Republicans retain control of the Senate, as expected
  • European equities are positive across the board as investors digest the consequences of a split Congress, with US equity futures edging higher
  • DXY lost the 96.00 handle as currency markets factor in the prospect of policy protraction and a more difficult passage for President Trump’s fiscal agenda through a divided Congress
  • Looking ahead, highlights include weekly DoE crude...
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  • Democrats are projected to take control of the House after having gained an estimated 26 seats, while the Republicans are projected to have picked up a net 4 seats at the Senate
  • A strong start for the Democrats initially weighed on US equity futures, although stock futures then recovered after further results and projections trickled in which suggested the unlikelihood of a Blue Tsunami
  • EUR/USD and GBP/USD whipsawed overnight but head into the European session with mild gains at the expense of a...
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  • Major European indices are mostly in the red (Eurostoxx 50 -0.4%) with outperformance in Switzerland’s benchmark
  • The greenback is trading cautiously ahead of today’s US mid-term elections, with the DXY hovering just above 96.200
  • Looking ahead, highlights include US JOLTS, APIs, ECB’s Lautenschlaeger, de Guindos, US mid-term elections

ASIA

Asian equity markets were mixed as weakness in China clouded over the mostly positive lead from US...

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  • Asian equity markets were mixed as weakness in China clouded over the mostly positive lead from US where the DJIA and S&P 500 closed higher
  • EU is reportedly to offer a compromise regarding the Irish border in which Britain could end the temporary customs arrangement
  • However, reports also suggest that UK PM May reportedly faces a Cabinet showdown with Brexit Secretary Raab who is said to have been undermined on the Irish backstop plan
  • Italy Finance Minister Tria signalled to euro zone...
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  • European equities kick start the week mixed with the FTSE MIB weighed on by banks amid stress test results
  • The Times reported UK PM May secured private concessions from Brussels that will keep Britain in a customs union and avoid a hard border, this was later dismissed as speculation by Downing Street
  • Dollar has lost some of Friday’s post-NFP recovery momentum ahead of the US mid-term elections and FOMC, but the index is holding relatively firm around 96.500
  • Looking ahead,...
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  • Asian equity markets began the week with a negative tone following last Friday’s losses on Wall St after US-China trade hopes were tempered by pessimism from NEC’s Kudlow
  • UK PM May secured private concessions from Brussels that will keep Britain in a customs union and avoid a hard border, according to reports; later denied
  • In FX markets, the DXY was relatively flat and held on to most of Friday’s NFP-inspired rebound with EUR/USD contained below the 1.1400 handle
  • ...
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  • Main European indices are in the green, continuing the trend from Asia with material names outperforming due to trade progression between the US and China
  • The Greenback is weaker vs all G10 counterparts, bar the JPY, which is still bucking the trend as an even safer currency haven
  • Looking ahead, highlights include US and Canadian jobs reports, Baker Hughes rig count

ASIA

Asian equity markets tracked their Wall St counterparts higher after US stocks posted...

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  • Asian stocks are mostly higher and US equity futures recover Apple-inspired losses after reports that Trump has asked the cabinet to draft a potential China trade deal
  • FT reports that the EU is floating a compromise with London on the Irish border backstop that would give the UK stronger guarantees of no need for a customs border
  • Looking ahead, highlights include EZ Mfg PMIs, UK construction PMI, US and Canadian jobs reports, Baker Hughes rig count

ASIA

Asian equity...

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  • European equities trade mostly higher (Eurostoxx 50 +0.8%) after erasing initial losses as sentiment from Asian and Wall Street translated onto the region
  • Cable dipped after a UK official said comments on the Times report on banks Brexit deal is "unsubstantiated"
  • Dollar index is back down to 96.510 ahead of a busy agenda before NFP on Friday.
  • Looking ahead, highlights include BoE rate decision, minutes & QIR, CNB rate decision, US weekly jobs, US ISM mfg PMI, a slew of...
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  • Asian equity markets traded mostly higher as the region sustained the positive momentum from Wall St.
  • GBP supported by reports that UK PM May has reached a deal with Brussels on financial services
  • More broadly in FX, DXY softened overnight and pulled back below the 97.00 level as its major counterparts made up for lost ground
  • Looking ahead, highlights include UK mfg. PMI, BoE rate decision, minutes & QIR, CNB rate decision, US weekly jobs, US ISM mfg PMI, a slew of central bank...
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  • European equities are higher across the board (Eurostoxx 50 +1.3%) as the region took impetus from the gains experienced in Asia and on Wall Street
  • USD will likely garner a bulk of the focus in the FX space today with month-end flows and SOMA redemption which will have a net USD -22.9bln impact on liquidity
  • Looking ahead, highlights include US ADP, Canadian GDP, Chicago PMI, DoEs, a slew of central bank speakers and large cap earnings

ASIA

Asian equity...

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  • Asian equity markets traded positive as the region sustained the momentum from Wall St where all majors finished with firms gains
  • The USD took a breather from recent gains with the DXY flat around the 97.00 level after it hit the highest since June last year amid the continued rout in EUR/USD and GBP/USD
  • Looking ahead, highlights include EZ CPI, US ADP, Canadian GDP, Chicago PMI, DoEs, a slew of central bank speakers and large cap earnings

 

ASIA

Asian...

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  • Major European bourses are mixed with the SMI (+0.5%) outperforming peers
  • Greenback remains relatively evenly split vs G10 counterparts with its Dollar peers still outperforming and preventing the index from staging a more concerted attempt to test recent peaks
  • Looking ahead, highlights include weekly API crude inventory stocks, ECB’s Praet and Lautenschlaeger.

ASIA

Asian equity markets were mostly higher as the region aggressively shrugged-off the...

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  • Asian equity markets were mostly higher as the region aggressively shrugged-off the weak lead from Wall Street.
  • In FX markets, the DXY held near the prior day’s best levels despite attempts by its major counterparts to nurse recent losses.
  • Looking ahead, highlights include German state, national CPIs and unemployment rate, EZ Q3 flash GDP, weekly API crude inventory stocks, ECB’s Praet and Lautenschlaeger.

ASIA

Asian equity markets were mostly higher as the...

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  • European equities are kicking off the week on the front-foot, despite the downbeat tone in Asia, Eurostoxx up 1.0%
  • EURUSD has been whippy between 1.1360-1.1415 trading parameters amidst reports that German Chancellor Merkel will not stand for re-election as CDU head after serving out the current term
  • Looking ahead, highlights include US Core PCE and UK Chancellor Hammond to deliver the Autumn budget statement. Note: UK clocks moved back an hour on Sunday 28th...
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  • Asian equity markets began the week mixed as the region’s attempts to pick itself up following last week’s stock rout.
  • FX markets were quiet as the DXY held steady near the 96.50 level and with its major counterparts also uneventful.
  • Looking ahead, highlights include UK mortgage lending, US Core PCE and UK Chancellor Hammond to deliver the Autumn budget statement. Note: UK clocks moved back an hour on Sunday 28th October.

ASIA

Asian equity markets began the...

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  • European stocks are negative across the board in a continuation of the sell-off experienced in Asia overnight; Pre-market: Amazon -10.2%. Alphabet -5.9%
  • DXY trades marginally firmer, extending on gains seen yesterday which pushed the index back above 96.50
  • Looking ahead, highlights include US GDP, PCE Prices, Baker Hughes, S&P on Italy, Fed’s Bostic, ECB’s Draghi, Coeure

ASIA

Asian stocks were broadly negative as early attempts to...

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  • Asian stocks were broadly negative as early attempts to nurse the prior day’s sell-off and replicate the rebound seen on Wall St, were thwarted
  • Brexit talks are on hold as UK PM May's team cannot agree a way forward on how to proceed with negotiations, according to sources
  • FX markets initially struggled for direction amid a lack of key data releases which kept the DXY near the prior day’s best levels
  • Looking ahead, highlights include the Russian rate decisions, US GDP,...
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  • European equities mostly higher (Eurostoxx 50 +0.9%) despite the mass sell-off experienced overnight in Asia
  • European markets await updates from the ECB and how they currently judge risks to the Eurozone economy
  • Looking ahead, highlights include ECB, and CBRT rate decisions, US durable goods, weekly jobs, a slew of central bank speakers and large cap earnings

ASIA

Asia-Pac bourses saw hefty selling as the stock market bloodbath rolled over from US where...

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  • Asia-Pac bourses saw hefty selling as the stock market bloodbath rolled over from US where the S&P 500 and DJIA turned negative YTD
  • UK PM May is to instigate a full-scale no-deal Brexit planning in 3 weeks with a raft of legislation to prepare the UK for a potentially chaotic departure
  • Overnight FX price action was predominantly a slight pull-back of the prior day’s risk-averse driven moves in which the DXY marginally pared the recent safe-haven flows
  • Looking ahead, highlights...
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  • Major European indices are mostly higher, albeit off levels seen at the cash open. US equity futures extended losses in excess of 0.5%
  • DXY is benefiting from the demise of most major rivals, as overall risk sentiment wobbles again after signs of a revival on Tuesday and overnight
  • Looking ahead, highlights include US PMIs, BoC rate decisions, DoEs, a slew of central bank speakers and large cap earnings

ASIA

Asian equity markets eventually traded mostly higher on what was a...

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  • Asian equity markets eventually traded mostly higher on what was a turbulent session, following the dramatic rebound on Wall St
  • FX markets were predominantly uneventful due to a lack of tier-1 data and catalysts which kept the DXY stuck in close proximity to the 96.00 level
  • UK PM May is to appear before the 1922 Committee of backbench conservative lawmakers this evening
  • Looking ahead, highlights include EZ and US PMIs, Riksbank and BoC rate decisions, DoEs, a slew of central bank...
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  • All major European indices are drowning in a sea of red as the soured sentiment continues from Asia
  • JPY outperforms on safe-haven grounds, with USD/JPY retreating towards 112.25
  • Looking ahead, highlights include Richmond Fed, Fed Discount Minutes, APIs, BoE’s Carney, Fed’s Kashkari, Bostic, Kaplan and Evans

ASIA

Asian equity markets were lower across the board following the uninspiring performance on Wall St where most major indices finished...

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  • Asian equity markets were lower across the board following the uninspiring performance on Wall St where most major indices finished in the red
  • UK PM May said she is not committed to extending the transition period but added it may be preferable to a backstop
  • In FX markets, the DXY was relatively unchanged and just about held onto the 96.00 level following the recent safe-haven flows and further deterioration in its major counterparts
  • Looking ahead, highlights include Richmond Fed, Fed...
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  • Major European indices are all in the green with Italian banks supporting the FTSE MIB
  • EUR has been encouraged by Italy escaping a deeper rating cut by Moody’s to stay one rung above junk
  • Looking ahead, today's calendar sees a lack of Tier 1 data

ASIA

Asian equity markets traded mostly higher as a rally in Chinese stocks helped most the regional bourses shrug-off the cautious open. ASX 200 (-0.58%) and Nikkei 225 (+0.37%) were both initially lower with Australia...

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